Sardar Biglari Sells 100,000 Shares of Biglari (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $16.58, for a total transaction of $1,658,000.00. Following the completion of the transaction, the insider directly owned 3,800,000 shares of the company’s stock, valued at approximately $63,004,000. This represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Sardar Biglari also recently made the following trade(s):

• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The shares were sold at an average price of $16.91, for a total transaction of $382,166.00.
• On Friday, June 26th, Sardar Biglari sold 100,000 shares of Biglari stock. The stock was sold at an average price of $16.75, for a total transaction of $1,675,000.00.
• On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The stock was bought at an average price of $297.14 per share, with a total value of $158,969.90.
• On Thursday, June 4th, Sardar Biglari bought 1,743 shares of Biglari stock. The stock was purchased at an average cost of $286.76 per share, for a total transaction of $499,822.68.
• On Thursday, May 14th, Sardar Biglari bought 14,351 shares of Biglari stock. The stock was purchased at an average cost of $258.06 per share, for a total transaction of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari purchased 15,358 shares of Biglari stock. The shares were purchased at an average price of $260.36 per share, for a total transaction of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari purchased 22,965 shares of Biglari stock. The shares were purchased at an average cost of $249.84 per share, with a total value of $5,737,575.60.

Biglari Price Performance

BH opened at $422.37 on Thursday. The stock has a 50-day moving average price of $311.32 and a 200-day moving average price of $344.54. Biglari Holdings Inc. has a 12-month low of $234.91 and a 12-month high of $483.60. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $967.22 million, a P/E ratio of -5.80 and a beta of 0.62.

Biglari (NYSE:BH) last announced its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share for the quarter. The firm had revenue of $97.48 million for the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BH. JPMorgan Chase & Co. boosted its holdings in Biglari by 20.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after acquiring an additional 5,650 shares during the period. Squarepoint Ops LLC bought a new stake in Biglari in the fourth quarter valued at approximately $214,000. Deutsche Bank AG lifted its position in Biglari by 15.1% in the fourth quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock valued at $139,000 after purchasing an additional 55 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Biglari during the first quarter valued at approximately $64,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Biglari from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th.

About Biglari

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.